07.10.2020
The Australian dollar against the US dollar succeeded in achieving our first awaited target at 0.7100 and stabilizes near it, waiting for further decline to surpass this level and pave the way for our next target that extends to 0.6964.
Consequently, the bearish trend scenario will remain valid and effective for the upcoming period, unless the price rallies to breach 0.7190 and stabilize above it.
The expected trading range for today is between 0.7050 support and 0.7170 resistance.
The expected general trend for today: Bearish.
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